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Egypt issues global tender for oil & gas drilling
State-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) has issued a new international tender for oil and gas drilling and explorations in Gulf of Suez and Sinai
Weak demand urges Aramco to cut oil price for Asia
Saudi Arabia’s move to lower the official selling price is likely to intensify competition with rivals such as Russia and the UAE
Japan to invest $10bn in Iran, particularly in oil
Iran’s crude oil exports to Japan have surged 61% in May from a year earlier
OPEC oil output set to reach record high in July
Supply from the Organization of the Petroleum Exporting Countries has risen to 33.41mn bpd in July from a revised 33.31mn bpd in June, Reuters says
Oman’s crude oil exports grow by 6.3% in H1 2016
The Sultanate’s production of crude oil and condensates grew by 3.6% to 182.05mn barrels in the first half of 2016, from 175.67mn barrels during the same six month period in 2015
Special Report:Oilfields in the Cloud
A key technology trend that is having a major impact on the use of Big Data is the Internet of Things, which offers the opportunity for a massive amount of data to be collected from sensors deployed across entire oilfields, writes Keri Allan
Special Report: A ‘big’ leap for GCC oil and gas
Access to data ultimately affects and determines project economics, and plays a crucial role in the application and operation of technologies such as EOR in oilfields
Kuwait mulls partial privatisation of oil industry
Acting Oil Minister Anas Al-Saleh has revealed that the government is currently looking into the potential public listing of four companies part of Kuwait’s national oil company
Iran’s crude oil output hits 5-year high in June
Iran pumped 3.63mn barrels of crude daily in June, which is the highest since 2011